All posts filed under: Credit Cards

Earn 4 bonus mpd on mobile payments with Amex-Krisflyer cards

Amex-Krisflyer co-branded cardholders will earn up to 5.3 mpd on mobile wallet transactions, capped at S$250 spend American Express has launched a new offer for Krisflyer branded cardholders, offering 4 extra miles per dollar spent via mobile wallet. Details of offer Upon registration, each cardmember can earn 4 bonus miles per dollar spent, up to a cap of 1,000 bonus miles to be given per card. This translates to a spend cap of S$250. The promotion is only available through the American Express app under the “Offers” section, and limited to the first 10,000 registrations. Registration ends when all 10,000 registrations are taken or on 16 Aug, whichever is earlier. Based on the terms and conditions, the following modes of payment qualify as ‘mobile wallet’ spending: Apple Pay Google Pay on Android devices only (excluding payments made on iOS devices and Google Chrome) Samsung Pay The bonus KrisFlyer miles should be deposited in your card account within five working days from the qualifying spend, but as always Amex will say that this “may take up …

American Express adds Qantas as a redemption partner

You can now convert your American Express Membership Rewards points to Qantas Frequent Flyer points American Express has added Qantas to its fold of frequent flyer programmes partners, the fourth Oneworld programme to be added. This latest addition will allow both its charge card and credit card members to convert their Membership Points into Qantas points. The details Cardholders with Membership Rewards (MR) points will be able to convert 450 MR points to 250 Qantas points. This conversion rate is similar to what Amex offers for other FFPs, including Krisflyer, Asia Miles and Emirates Skywards. For Amex Centurion or Platinum Charge cardmembers, the conversion rate is a preferential 400 points to 250 airline miles. Second widest range of conversion partners This brings the total number of transfer partners for Amex to nine partners, tied in the second spot with Standard Chartered. Citibank remains at top spot with the most number of redemption options for your credit card points. The full list of airline frequent flyer programme conversion partners for Amex is as follow: British Airways …

Bank of China slashes BOC Elite Miles card earn rate from 15 Jun

The revised rates are abysmal, so remember to cash out your points by 15 Jun BOC with its spectacular BOC Elite Miles card, has finally blinked. The card, which has one of the highest local spend earn rates for a general spending card, will be effectively reducing the earn rate of BOC Elite Miles card from 15 Jun, according to a revised terms and conditions document sent out to cardmembers yesterday (via SMS, no less). The keyword here being ‘effectively’ because of the way the change is made. Most other banks will usually change the earn rate of the cards, but BOC has taken the other approach by changing the conversion rate. BOC will be changing the conversion rate of your BOC points to miles from 15 Jun, as follow: Frequent Flyer Programme Currently From 15 Jun Krisflyer 30,000 points to 10,000 miles 45,000 points to10,000 miles Asia Miles 18,000 points to6,000 miles 27,000 points to6,000 miles This means that the conversion cost of your BOC points has gone up by 50%, effectively reducing your …

OCBC Titanium Rewards to award OCBC$ in blocks of S$5 spend

OCBC going down the UOB way. Right after OCBC made changes to the 90°N card, the bank also revised the OCBC Titanium Rewards card to give out points in blocks of S$5 spend from 1 Jun 2020. On top of the earning change, OCBC will also be add more exclusion categories to what will earn you bonus points with the Titanium Rewards card. Earning OCBC$ based on $5 blocks of spending Currently, cardmembers earn a flat 10 OCBC$, or 4 miles, per dollar spent on the Titanium Rewards card when spending on eligible categories (i.e. sclothes, accessories, shoes, bags, electronics and gadgets and babies’ and children’s wear). From 1 Jun, this will have a technical change: OCBC will award 50 OCBC$, or 20 miles, per S$5 spent, rounded down to the nearest S$5. Why this makes a difference Why this change is material to the Titanium Rewards card is because unlike the 90°N card, this card is a specialised spending card (i.e. the bonus applies for spending in specific categories). The difference lies in the …

OCBC adjusts earn rates on 90°N card

Travel$ to be awarded in blocks of S$5 spend from 1 Jun OCBC has made some tweaks to their 90°N card, to be effected from 1 Jun. These changes are not major, but may affect the way you spend if you are still using that as your default card. Travel$ to be awarded in blocks of S$5 spend From 1 Jun, OCBC will award Travel$ in blocks of S$5 spend, meaning: For local spend, every S$5 spend will earn you 6 Travel$, equivalent to 6 miles (i.e. 1.2 mpd) For foreign spend, every S$5 equivalent spend will earn you 10.5 Travel$, equivalent to 10.5 miles (i.e. 2.1 mpd) AXS Pay+Earn will earn you 5 Travel$ for every S$5 spend (i.e. 1 mpd) Previously, OCBC award Travel$ based on dollar spend, rounded down to the nearest dollar. So this means that there will be slight changes to the number of Travel$ you earn after 1 Jun: Transaction amount Local/Overseas spend Travel$ earned before 1 Jun Travel$ earned on or after 1 Jun $4.99 Local 4.8 0 …